If you were to try to associate Project Management with the traditional functions of Supply Chain Management, A. Project Management is only associated with the Buy function of Supply Chain. B. Project Management encompasses all the functions of Supply Chain: Plan-Buy-Make-Deliver C. Project Management is only associated with the Deliver function of Supply Chain. D. Project Management is only associated with the Make function of Supply Chain.

B. Project Management encompasses all the functions of Supply Chain: Plan-Buy-Make-Deliver

Explanation:

A project can involve any aspect of logistics, e.g. building a new distribution facility, or installing an automated warehouse, etc. The main difference between project management and supply chain management is the lifespan of the work carried out. A project has a definite lifespan, e.g. a new facility must be built and it should start operating within 2 years. While operations management requires continuous day to day work, e.g. after the new facility is operating, the supply chain manager will be in charge of supply chain operations. It is normal that a supply chain manager is part of the team that handles new projects, but his/her work continues after the project is over.

A. January 2016

B. May 2016

C. June 2016

Explanation:

Req. A

From the data table above, it is easy to understand that only 10,000 mobile phones were sold in the month of January.

Req. B

From the information above, the highest sales level was in the month of May with a 12,000 smartphones.

Req. C

We know, a monopolist maximizes its profit when marginal revenue equals to the marginal cost. MR = MC.

In that case, two months had equal marginal revenue = marginal cost, i.e., February and June.

According to the maximizing rule, at which point there are a high number of sales and MR = MC, that sales point is considered as maximizing profit.

Therefore, in the month of June, the sales were high with 11,000 smartphones. Hence, June was the firm's maximizing profit.